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A big change is coming for Fantom: the Foundation is migrating to the Sonic blockchain and rehauling the brand. The new network promises better performance and the Foundation’s support but Fantom Opera will not be wound down. What does it mean for FTM and the new coin, S? Check out our Fantom price prediction that glimpses into a possible future for both coins.
All Fantom Price Predictions: 2024–2034
- Although bullish and bearish Fantom price predictions diverge, the patterns they predict are similar and roughly follow the crypto market cycles;
- According to bearish sources, Fantom will have trouble approaching its price record, let alone breaking it;
- Bullish Fantom price forecast, on the other hand, concludes that in the next bull run, FTM has the potential to reach $18.
What are Fantom (FTM) and Sonic (S)?
The Fantom network is a decentralized, high-performance blockchain platform that aims to provide fast and secure smart contract execution. Its design addresses the scalability limitations of blockchain networks from the first generation, such as Ethereum.
FTM is the native cryptocurrency of the Fantom network. It serves as a network’s medium of exchange for various purposes, including transaction fees, staking, and governance. FTM operates on a Proof-of-Stake (PoS) consensus mechanism, where token holders can participate in the network’s consensus and earn rewards for validating transactions.
The Fantom network leverages a unique technology called Lachesis, which enables it to achieve high throughput and low confirmation times. Lachesis is an aBFT consensus protocol that allows the network to process thousands of transactions per second, making it suitable for applications that require fast and scalable solutions.
One of the cornerstone features of Fantom is its smart contract support. Developers can build decentralized applications (dApps) on the network using Solidity, the same programming language used for Ethereum smart contracts. This compatibility makes it easier for developers to migrate their existing projects to Fantom.
What is Sonic and S?
In late 2023, the Fantom Foundation unveiled Fantom Sonic, a new technology stack that drastically improves the network’s capabilities. As a technology stack, it could eventually find its way to the mainnet but the developers decided to make Sonic a standalone blockchain.
Finally, in August 2024, a complete rebranding of Fantom became public. Fantom Foundation takes up the Sonic Labs mantle and organizes migration to the Sonic blockchain. In addition to incentivizing builders to migrate their dApps from Fantom Opera to Sonic, they will set up a bridge to convert FTM to S 1:1.
The current Fantom chain will continue working, although Sonic Labs will focus on the new one. This means that FTM and S will coexist, although the ecosystems are most likely going to take very different shapes over time.
Regardless of the name, the project aims to provide a scalable and efficient blockchain platform for decentralized applications, enabling developers to build and deploy their projects easily. If you still need to know more about it, check out our guide to Fantom (FTM).
Fantom Price Performance
FTM Price in 2018–2021
Fantom was founded in early 2018, and in July of that year secured $40 million in funding from venture capitalists and funds. Over four total rounds, the Fantom Foundation pre-sold 50 million FTM tokens (1.57% of the total supply) in a public sale and 1,275,880,000 to private investors (40.19%). The rest of the token supply was allocated to the team (15%), advisors (15%) and set aside for market development (30%).
FTM first appeared on the market ahead of the launch of the main platform as an ERC-20 token. The tokens from the presale were offloaded on the public markets, bringing the initial price of $0.23 down to $0.004 in a month. Around 2018, the crypto market neared the bottom and entered a crypto winter that would last for over a year.
For Fantom, though, 2019 was a year of several breakthroughs. First, they announced a strategic partnership with Binance Chain and launched a BEP-2 FTM token. This helped propel FTM up to $0.03454. By December, they introduced Opera, an EVM-compatible layer for smart contracts with Cosmos interoperability.
The start of 2020 was overall decent for most cryptocurrencies, including Fantom, but the change for a more bullish market was momentarily halted by a COVID-19 pandemic. Despite it throwing a wrench into the bullish momentum, it could not stop it completely, and by mid-2019 FTM was trading as high as $0.04.
Around the same time, Fantom and WAVES collaborated in the same manner as with Binance Chain to enable cross-chain DeFi. Since decentralized finance (DeFi) became a massive trend at that time, Fantom was able to capitalize on it, although, by the end of 2020, it pulled back to mid-2019 levels.
After years of consolidation, the crypto market truly entered a new phase in 2021. That year, a new bull run started in Bitcoin, raising the rest of the cryptocurrencies along with it. It certainly helped the FTM price but without developments of its own, it wouldn’t be scoring one price record after another.
Firstly, an Ethereum bridge was finally ready to be launched. Secondly, the Fantom Foundation introduced the on-chain governance features, boosting FTM’s usability. Thirdly, even more features such as liquid staking were coming. The combination of these factors boosted the FTM price and launched its stratospheric rally to the current all-time high of $3.48 on October 28, 2021.
FTM Price in 2022–2024
Not at all surprising that the crypto market entered 2022 in an overheated state. Prices started to fall as rapidly as they grew months ago, and FTM price was not an exception. This time around, even the positive developments in the network growth were not enough to slow down the fall. To add insult to injury, key members of the development team Anton Nell and Andre Cronje quit DeFi, accelerating the descent from $3.30 to $0.33 by May.
In May 2022, another debacle, this time unrelated to the Fantom network, finally drove the FTM price to the bottom. The Terra protocol, extremely popular at the time, crashed down to zero over the course of a week. The event wiped out billions of dollars of value from the crypto market but it was not all that catastrophic for Fantom: after all, it was its competitor.
Miraculously, another catastrophic event for the market in November 2022 — the FTX implosion — also was not a huge event for Fantom. It had its own thing going on at the time: Andre Cronje was back, and the Fantom Foundation proved to have enough funds to mitigate the impact. Only thanks to good news FTM managed to end 2022 at the $0.2 mark and keep going up.
The recovery continued well into 2023 and was fuelled by more exciting announcements: ecosystem funding and native stablecoin FUSD being just a couple of them. However, news and announcements alone can generate only so much momentum, and by the time the features are shipped, investors care noticeably less.
In May 2023, a cross-chain bridge Multichain, which had a considerable part in the Fantom ecosystem, was hacked and went offline. Despite Fantom Foundation withdrawing its stake in the bridge’s token MULTI before things got dicey, it still saw its total value locked (TVL) drop from $364M to $70M. Even though FTM’s value pulled back from the yearly high, it bounced from the bottom in October.
For the next half-year, until March 2024, Fantom (FTM) was consistently trending to the upside. The price of Fantom got another boost with the approval of BTC ETFs in January of this year. However, as it peaked at $1.12, the bullish momentum was exhausted and bears took the reins until August. As we have already mentioned, the change in trend was caused by the Sonic rebrand news.
The current Fantom price at the time of writing is $0.6195 and the token ranks 49th by market capitalization (according to CoinMarketCap).
What Affects the Fantom (FTM) Price?
Fantom vs. Sonic
The elephant in the room that most definitely will have a major influence on the future price of Fantom and determine the value of Sonic (S) is the rebranding and migration. No one can know for sure how it would play out but similar cases were observed in the crypto space.
For instance, the introduction of drastic changes to a blockchain while keeping the old version happen in hard forks. In Bitcoin, well-known examples are Bitcoin Cash and Bitcoin SV. In both cases, a minority split off so the original chain remains the most active and valuable.
It does not mean that the original chain always comes out on top: Ethereum (ETH), which is second only to Bitcoin, is actually a fork of Ethereum Classic (ETC). However, in this case, the majority and the Ethereum Foundation chose to support the forked version.
The Sonic migration is not the same as a hard fork because there is not going to be any shared history of transactions and balances. Instead of just receiving the same amount of coins on the new chain, Fantom users will have to convert their FTM, implicitly transferring the value in the process.
Another case that can show how things might play out is Terra’s revival plan. After Terra’s algorithmic stablecoin caused the platform to collapse, its Foundation and the community decided to take the blockchain platform separate ways, becoming Terra 2.0 and Terra Classic respectively.
In terms of value, the community’s fork Terra Classic (LUNC) retained more than the original, despite the latter having backing from the original team. A possible reason was their damaged reputation, and nothing of the sort has happened to Sonic Labs, so the cases are not entirely comparable.
Updated Tokenomics
Another factor that can shed some light on the future of both S and FTM is the tokenomics. In that regard, Sonic will take after Fantom for the most part.
The initial supply of S will correspond to Fantom’s total supply of 3,175,000,000 FTM. However, both networks do not have a cap on the maximum supply, meaning that it will gradually dilute due to inflation unless the network value growth outpaces it. In Sonic, it can kick in as soon as six months after the launch, when the pre-approved airdrops and funding programs start.
To offset the impact of new mints, Sonic Labs pledges to burn the tokens that were not used for funding. The supply increase will also not affect Fantom: the migration bridge will let holders convert FTM to S and back only for the first six months before inflation kicks in.
Market Sentiment
The overall sentiment on the crypto market is another factor that certainly influences the price of FTM. Even though we have seen it go against the tide, generally it is more likely to be in profit when other cryptocurrencies are also seeing gains. And vice versa, when the majority of the market loses value, FTM is likelier to end up losing as well.
What is the sentiment on the crypto market today? Check the live index above.
Fantom Price Analysis and Forecast
TradingView user ZelfTrade believes Q4 will be bullish for Fantom, based on their technical analysis:
First bids filled.
I’m waiting on the rest, but it could just take off from here, although that’s unlikely given how BTC is currently rotating and trying to break out of this range.
Fantom Price Prediction for 2024
Coinpedia has some bold prospects for Fantom (FTM) in the remainder of this year. According to them, it eyes the psychological target of $1. Unless it tumbles to the support at a minimum price of $0.537, breaching $0.84 can be the last stop before a dollar.
Team CoinCodex is of a similar opinion: FTM is set to grow by about 23% in three months. This brings the estimated Fantom price in 2024 to $0.559561 and $0.850695.
To hammer the point home, YouTuber Successful Trading also highlights the resistance level around $0.85 as a key point in Fantom’s price trajectory. After that, previous highs of $0.96 and $1.22 will become the next targets to watch.
In the longer term, should the gains persist, levels to watch are $1.68 and $3.67. However, it is not likely that Fantom will make it this far before 2024 ends. His bull run target is $5.53, per the Fibonacci extensions.
Fantom Price Prediction for 2025
A Fantom (FTM) price prediction by CoinCheckup uses an algorithm to project its average price into the future. If all goes well, FTM will be trading with a 237.66% gain of $2.05 in 2025.
CryptoNewsZ gives a moderately optimistic Fantom price prediction for 2025. Their estimated maximum price target for FTM in 2025 is $1.51.
In the mid-long term, the lowest Fantom (FTM) can go is $0.8084, as 30 Rates points out. The maximum price for FTM to reach by 2025 can be as high as $2.4042.
Fantom Price Prediction 2026–2029
Algorithmic forecasts can help us with the Fantom price prediction for up to five years in advance. What’s the predicted range between the minimum and maximum price of Fantom (FTM) in these years?
| Year | Cryptopolitan | CoinLore | OvenAdd |
| 2026 | $1.90–2.33 | $1.29–7.02 | $2.71–3.02 |
| 2027 | $2.47–2.96 | $1.72–3.31 | $3.32–3.62 |
| 2028 | $2.47–2.96 | $0.8549–10.17 | $3.95–4.27 |
| 2029 | $3.07–3.48 | $8.51–18.81 | $4.57–4.89 |
Fantom Price Prediction 2030 and 2034
Looking as far as the end of the decade and ten years in advance, even experts can only guess but some still try.
According to the Traders Union portal, by 2030 FTM’s price will have grown to $3.2567–3.7768, and by 2034 — to the range between $10.6544–12.3558.
Coin Price Forecast projects a 244% to 360% growth for Fantom (FTM) between 2030 and 2034. This makes the expected FTM price $1.99–2.13 in 2030 and $2.73–2.85 in ten years.
Last but not least, Coin Data Flow uses an experimental prediction model for cryptocurrencies. It predicts that in 2030, FTM can grow by up to 362.57%, and in ten years, in 2034, 706.17%. In other words, Fantom’s maximum price will be $2.86 and $5 respectively. The minimum price, for reference, is $0.852136 in 2030 and $1.59 in 2034.
How to Exchange Fantom (FTM)?
Swap mainnet FTM with 200+ coins and tokens at the best rates on ChangeHero, in a few steps without obligatory KYC or registration.
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your FTM wallet address in the next step and check the details;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send the cryptocurrency for the swap in a single transaction. In a Fixed Rate transaction, you have 15 minutes before it expires;
- Sit back and relax. Now we are doing all the work: checking the incoming transaction and making the exchange as soon as it arrives;
- As soon as the exchange has been processed, your FTM is on its way to your wallet. And so, the transaction is finished!
The support team is here to help you 24/7, and in any case, reach them in the chat on the website or through the email: [email protected].
Conclusion
The crypto industry is a place where the most unexpected results occur routinely. There is no telling whether Sonic completely overtakes Fantom or vice versa or both remain equally in demand. What we do know is that the rebranding presents an exciting opportunity that we will watch unfold along with the rest of the crypto community.
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Frequently Asked Questions
How much will the Fantom price be worth in 2030?
For a decade-long term, a generalized Fantom price prediction for 2030 is within the bounds between $0.85 and $3.78.
What is the Fantom price prediction for 2025?
In the shorter term, by next year, Fantom’s price is expected to trade within the range of $0.81–5.53, depending on source and method.
Will FTM reach $10?
The industry’s experts’ opinions diverge on the answer to this question. Optimistic predictions see it happening as soon as 2028 but in bearish forecasts, this target is outright unfeasible.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
